It’s just been revealed that XRP is expecting an imminent surge. Check out the latest reports about the price of digital asset.
XRP price to surge
According to the latest reports, there is a closely followed crypto strategist who believes payments network XRP is likely ready to rally while seeing more upside potential for Bitcoin (BTC) and one under-the-radar altcoin.
Pseudonymous analyst Cantering Clark said recently that it’s “almost time” for XRP to burst to the upside.
At time of writing, XRP is changing hands for $0.426, a fractional increase on the day.
Regarding Bitcoin, the crypto strategist thinks that the king crypto is not yet done rallying.
“I would be genuinely surprised if this kind of action did not end with a fomo- [fear of missing out] driven blow-off.”
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $22,711.
Bitcoin bear market could be over
Blockchain analytics firm Glassnode is offering 3 on-chain indicators that suggest the Bitcoin (BTC) bear market is in the rearview mirror.
Glassnode first looks at the stablecoin supply ratio (SSR). Just in case you don’t know, this tracks the rotation of capital between Bitcoin and stablecoins.
A spiking SSR shows the fact that investors are taking the plunge as they use stablecoins to purchase BTC.
According to Glassnode, the metric shows that capital is rotating into Bitcoin from stablecoins. This is reminiscent of the final chapter of the 2018/2019 bear market.
“Currently, we note a significant transfer of capital to the Bitcoin asset, akin to the twilight of the 2018 bear market and the 2021 rounded top.”
Glassnode also points out Bitcoin’s realized profits-to-value ratio (RPV) indicator:
“The RPV ratio collapsed to prior cycle lows, suggesting much of the exuberance from the bull has been flushed out.” Stay tuned for more news about the digital assets.
